Southwest Airlines Co.

LUV Industrials Airlines

Southwest Airlines Co.’s revenue for fiscal 2025 (year ended December 2025) was $28.1 billion, up 2.11% from fiscal 2024.

Revenue
+21.2%
EPS
+450.0%
Free cash flow
+46.9%
Total debt
+43.5%

Quarter to September 2026, against a year earlier

44.42 2.00 −4.31%
Market cap
$21.8B
P/E
21.1×
Fwd P/E
17.1×
Dividend yield
1.62%
F-score
7/9
Altman Z
2.22
Beneish M
−2.66
Dividend safety
24/100

Southwest Airlines Co. (LUV) EV/FCF

Alert me on EV/FCF

As of 5 November 2026, Southwest Airlines Co. (LUV) trades at a EV/FCF of 136×. Over the past ten years it has ranged from −3,900× (June 2026) to 141× (November 2026); the current reading is higher than 100% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 −28.9× —
FY2024 −11.4× —
FY2023 −37.9× —
FY2022 −113× —
FY2021 11.3× —
FY2020 −19.5× —
FY2019 8.3× (12.28%)
FY2018 9.4× (59.08%)
FY2017 23.0× 59.93%
FY2016 14.4× (41.22%)

Quarterly newest first

Period EV/FCF Change
Sep 2026 128× —
Jun 2026 −3,900× —
Mar 2026 −98.9× —
Dec 2025 −28.9× —
43 more quarters

Against its own ten years

Low −3,900× High 141×
Ten-year median 10.6×
Current reading's percentile 100

EV/FCF against peers

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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